Canadian Stocks Have Turned Positive After Weak Start — Canadian Commentary

Canadian Stocks Have Turned Positive After Weak Start — Canadian Commentary

(RTTNews.com) – The Canadian stock market began Thursday’s session in the red, but has since pared its early losses and turned positive. Gold stocks are recovering some ground following yesterday’s sell-off, despite the continued dip in gold prices this … Continue reading at nasdaq.com

CANADA STOCKS-TSX edges higher as mining stocks rebound

The steady performance for the index follows its biggest decline on Wednesday in more than eight weeks. The materials group, which includes precious and base metals miners and fertilizer companies, added 1.3 percent as gold stocks rebounded after losses on … Continue reading at reuters.com

Why you should forget about buying Canadian marijuana stocks

Canadian marijuana stocks offer some speculative appeal -- but here's why we think you should avoid them As you probably know, several U.S. states have decriminalized or legalized marijuana use and have begun authorizing legal production and sale of the … Continue reading at findependencehub.com

Stocks and Bonds

TSX edges higher as mining stocks rebound

TORONTO -- Canada's main stock edged slightly higher on Thursday, helped by a rebound in mining stocks and gains for Canadian Imperial Bank of Commerce after better-than-expected earnings. The steady performance for the index follows its biggest decline … Continue reading at business.financialpost.com

CANADA STOCKS-Futures fall ahead of Fed gathering

August 25 (Reuters) – Stock futures pointed to a lower opening for Canada’s main stock index on Thursday as investors took to the sidelines ahead of one of the big global central banker gatherings of the year. The annual central bankers’ meeting in Jackson … Continue reading at finance.yahoo.com

Canada stocks lower at close of trade; S&P/TSX Composite down 0.94%

Investing.com - Canada stocks were lower after the close on Wednesday, as losses in the Materials, Clean Technology and Energy sectors led shares lower. At the close in Toronto, the S&P/TSX Composite lost 0.94%. Falling stocks outnumbered advancing ones … Continue reading at investing.com

CANADA STOCKS-Materials shares pull TSX down for worst day in over 8 weeks

TORONTO/OTTAWA, Aug 24 (Reuters) – Canada’s main stock index posted its biggest decline in more than eight weeks on Wednesday as lower metal and oil prices sent shares of resource companies tumbling. The decline in the materials and energy sectors easily … Continue reading at cnbc.com

Canadian Cannabis Stocks – Buy-Buy Or Bye-Bye?

Health Canada responds to Allard ahead of deadline. Canadians will be allowed to grow medical marijuana at home for their own use after August 24. Based on latest developments, I rank the Canadian Licensed Producers as buy-buy or bye-bye. It’s been an … Continue reading at seekingalpha.com

Canada Stocks Rise, Reverse Loss as Couche-Tard Jumps to Record

Canadian stocks rose, rebounding from early declines to halt a four-day slide, as advances in consumer and health-care companies overcame losses in natural-resource producers. The S&P/TSX Composite Index rose 0.4 percent to 14,748.19 at 4 p.m. in Toronto … Continue reading at bloomberg.com

* Kitco News — The sentiment in China will continue to be bearish, with one market expert noting that 'everything is falling off a cliff,' in the country. Speaking to Kitco news on Friday, Ken Hoffman, sector head of global metal and mining for Bloomberg Intelligence said that, 'China is in decrease mode [and] we actually think their copper demand, for the first time in 30 years, will actually decline by 2-4%.' He explained that as the country shifts from an industrial-based economy to a more information technology-based one, old businesses — steel, copper, cement — are going to be hurt. Hoffman also commented on the recent surprise move by the Chinese central bank to devalue its currency, the yuan. 'One of the biggest points that China has right now is to make the yuan more global,' he noted, adding that the weakening of the yuan is helping gold. 'If China is going to devalue its currency, that's going to be very positive for gold demand in China, the world's largest gold buyer,' he explained. Speaking on the recent release of gold reserve holdings by the People's Bank of China, Hoffman said that, 'even people in the country don't believe the numbers that were released.' 'There is a way central banks can sort of hide gold [holdings],' he remarked. However, he noted that gold continues to play a very important role in the country's currency strategy. China still has a ‘strong and sincere interest in gold,' he added. On Friday, gold prices continued their winning streak, hitting a six-week high. December Comex gold was last up .10 at ,158.30 an ounce.

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Money Matters

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